Dürr AG — Capital/Financing Update 2004

Jun 9, 2004

News Details

Ad-hoc | 9 June 2004 09:52

Dürr optimizes external capital structure

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Dürr optimizes external capital structure Stuttgart, June 9, 2004 – With Supervisory Board approval, Dürr AG’s Board of Management has adopted a financing package to optimize its external capital structure. The elements of the package are a corporate bond and a syndicated loan. The corporate bond is to be issued soon and will bring in about EUR 200 million. A term of seven to ten years is planned. The syndicated loan, with a term of five years, is to be composed of a credit line of about EUR 200 million and a guarantee line of about EUR 200 million. It will prospectively be concluded in July 2004. The two closely connected transactions will serve, among other things, to refinance the syndicated loan arranged in February 2001. The transactions will give Dürr a long-term financing structure and increased financial flexibility. Moody’s and Standard & Poor’s are now preparing ratings of the company. Contact: Dürr AG Susanne E. Langer Head of Public & Investor Relations Tel.: +49 (0)711 136-1785 Fax: +49 (0)711 136-1034 corpcom@durr.com investor.relations@durr.com end of ad-hoc-announcement (c)DGAP 09.06.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: No distribution in the United States of America This release and the information contained herein is not being distributed, and is not for distribution, in the United States of America, to U.S. persons (including legal entities), or to publications with a general circulation in the United States. No offer This announcement does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. The securities described herein have not been and will not be offered to the public in the United States or registered under the U.S. securities laws. Forward-looking statements This press release contains forward-looking statements. These statements reflect the current belief of Dürr’s management as well as assumptions made by, and information available to, the Dürr Group. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual future results and developments could differ materially from those set forth in these statements due to various factors. These factors include, among others, changes in the general economic and competitive situation, particularly in Dürr’s businesses and markets; changes resulting from acquisitions and the subsequent integration of companies; and changes resulting from restructuring measures. In addition, future results and developments could be affected by the performance of financial markets, fluctuations in exchange rates and changes in national and supranational law, particularly with regard to tax regulations. The company assumes no obligation to update forward-looking statements. No obligation to update The company assumes no obligation to update any of the information contained herein. ——————————————————————————– WKN: 556520; ISIN: DE0005565204; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Hannover 090952 Jun 04